Both Singapore and Hong Kong are recognized business hubs in Asia that offer valuable business and entrepreneurship learning opportunities.
In my current regional role, there are numerous occasions where I get to work in our Singapore office. As I’ve always been based in Malaysia, working in another country was (and still is) a surreal experience.
Despite being there only for a few days per trip, working in Singapore is definitely fun and engaging as the environment is always full of energy and life.
Anyway, as leading business centers, both Singapore and Hong Kong share a number of characteristics that are advantageous both for start-ups and large corporations. A low taxation regime, English as a recognized language, and a welcoming business climate in general are some of the most important characteristics shared to a certain degree by both of these cities.
Entrepreneurship internship in Singapore
Singapore is a popular destination among entrepreneurs in Asia because it offers economic stability, a low taxation regime, and quick business startup. Investors who are planning to form a company for their startup in Singapore can explore the programs designed to enhance business skills.
Entrepreneurship programs are offered by the Singapore Institute of Management (SIM) and other institutions. The SIM programme is one that combines an entrepreneurship programme, with a business incubator and accelerator. It takes place in a co-working space and there are two types, an intensive and an integrated one. Other Singaporean institutions that offer special courses for entrepreneurs include the National University of Singapore, Nanyang Polytechnic, and others.
The Singapore Management University also has an Institute of Innovation and Entrepreneurship that offers acceleration and incubation programs and helps start-ups raise capital through an Innovation Sandbox. Special sessions with angel investors and with affiliated business mentors are also available.
Entrepreneurs in Hong Kong
Hong Kong has a number of programs that target entrepreneurship development, carried out by several universities and centers in the city. Examples of institutions that offer these types of courses for individuals who wish to become entrepreneurs include the Hong Kong Polytechnic University, the Hong Kong University of Science and Technology, or the Education University in Hong Kong.
These programs aim to deliver the proper environment for entrepreneurs to develop their business skills and to acquire the knowledge needed to transform their ideas into lucrative business opportunities. Entrepreneurs can follow one of these programs before forming a company in Hong Kong.
Therefore, opening a business in the Asia Pacific region can be a good decision for many entrepreneurs, especially ones that are globally-oriented. We recommend that investors explore the existing entrepreneurship programs in both locations and decide based on the favourable match for their business needs.
Personally, I’ve always thought of starting a business of my own, but have never gotten around a good idea or concept. Nevertheless, it’s a great opportunity for those who have an eye towards being an entrepreneur. ;)